SC asks JAL to deposit Rs 1,000 cr by June 15

New Delhi, May 16 (UNI) The Supreme Court on Wednesday ordered the realty firm Jaiprakash Associates Limited (JAL) to deposit an additional amount of Rs 1,000 crore to the Registry by June 15 for ensuring refund of money to hassled home buyers.

A division bench of Chief Justice Deepak Misra, Justices AM Khanvilkar and D Y Chandrachud said in the event of the deposit, the liquidation proceedings against JAL's subsidiary company, JIP Infratech Limited (JIL) will remain closed.

The bench also cautioned that if the amount is not deposited till June 15, then legal action will be taken against JIL.

Earlier, the apex court had ordered JP Infratech to deposit Rs 2,000 crore in the court's registry, but so far only Rs 750 crore has been deposited.

By Nirendra DevNew Delhi, Mar 21 (UNI) By anointing the mercurial leader and BJP national president Amit Shah as the party candidate for the prestigious Gandhinagar parliamentary seat, the saffron outfit and perhaps even the RSS on Thursday gave a clear message to veteran LK Advani that it is time for forced retirement finally.

New Delhi, Mar 21 (UNI) After hectic deliberations the BJP managed to announce candidate list in Kerala for 13 Lok Sabha constituencies, the party could not reach a decision on the crucial Pathanamthitta seat, where multiple aspirants are in the fray for the ticket.